Topic: ⭐ Premium Miner Hosting Service ⭐ (Read 209 times)
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Our power is not 0.09. The example above refers to a typical end user trying to do their own farm. Most large scale mining farms get around 4.5 to 5.5. There are very few that have access to the 3 to 4 cent delivered rate.
Why is your power at 0.09? Most grand scale large mining farms in Northern America have power at 0.03 level (50MW level). You are making a huge loss building on that pricing.
Thank you NewBlock for your feedback. While we would love to give prices 40% below our current, that is simply not possible. In fact I would strongly advise anyone to double and triple check any hosting or colocation company for fraud that is offering that low of pricing.
Hosting companies allow miners to save the substantial initial outlay cost of building their own facility. If you were to lease a cheap warehouse and build a small 500 kVa set up, you'd spend over $150,000 on the build and $1,800 a month in rent. Furthermore, you would need to show substantial credit and a history of usage to obtain cheap electricity pricing from a supplier. Without that, you will be spending 9 cents per/kWh easily for commercial (price from supplier + utility distribution charge). You will then need to have someone staffed to tend to the facility and fulfill repairs or warranty shipments to the manufacturer. You will also need to have insurance, security systems, and storage of maintenance supplies.
Besides the fact that you are now exposed to substantial risk for signing a 5 year lease on a building, your price per kWh would look something like this:
(assuming 500kVa load or 350 S9s)
Assuming you built your facility correctly and designed for proper airflow and network efficiencies..
1. 0.09/kWh from energy supplier and distribution
2. 0.00469/kWh for rent expense
3. 0.013/kWh for operational labor (assumes one person for this one specific operation - cost here is lower when you have a larger facility)
4. 0.000956/kWh for internet, security, and insurance
5. 0.013/kWh for buildout repayment of investment (assuming expensing depreciation over 3 years)
When calculated, doing the above would run you around 12.2 cents per kWh on average from an operational cost analysis prospective. This does not include many other expenses involved. You would also be exposed to substantial risk as you will have to ensure the miners you purchased will last you for years, or make sure you have the capital to reinvest in new miners. You would have to make sure you can mine for the duration of the 5 year lease agreement, or at least over the buildout expense depreciation period you chose.
When you host with a hosting company, you are receiving more than just electricity. You are paying for a service and the ability to not be bound to a large capital investment on a buildout. You are relieving yourself from the headaches of designing a proper facility that will work and last. Our prices include everything mentioned above plus more, and is still much less per/kWh.
What we offer is a full hosting service, which is different than simply putting miners on a shelf and leaving them unattended. We employ a team of engineers and technicians to monitor and manage the ongoing health of the servers located with us.
Other hosting companies which may actually only identify as a "colocation" business, will simply only put your miner on a shelf with an ethernet connection a power cord. If it doesn't hash they won't know about it and probably won't care. Their obligation is to power and serve it internet. If the miner is at "fault", it is not their obligation to make sure it works. These companies that charge much less for these services are typically the ones that do this. Many people are left with contract terms of miners that are sitting on shelves frozen and not mining.
We are proud to have an attentive staff that is passionate about this industry and helping others in it. If you have any questions about our business, we would love to answer them.
Happy mining!
Founder & CEO
Nick
Hosting companies allow miners to save the substantial initial outlay cost of building their own facility. If you were to lease a cheap warehouse and build a small 500 kVa set up, you'd spend over $150,000 on the build and $1,800 a month in rent. Furthermore, you would need to show substantial credit and a history of usage to obtain cheap electricity pricing from a supplier. Without that, you will be spending 9 cents per/kWh easily for commercial (price from supplier + utility distribution charge). You will then need to have someone staffed to tend to the facility and fulfill repairs or warranty shipments to the manufacturer. You will also need to have insurance, security systems, and storage of maintenance supplies.
Besides the fact that you are now exposed to substantial risk for signing a 5 year lease on a building, your price per kWh would look something like this:
(assuming 500kVa load or 350 S9s)
Assuming you built your facility correctly and designed for proper airflow and network efficiencies..
1. 0.09/kWh from energy supplier and distribution
2. 0.00469/kWh for rent expense
3. 0.013/kWh for operational labor (assumes one person for this one specific operation - cost here is lower when you have a larger facility)
4. 0.000956/kWh for internet, security, and insurance
5. 0.013/kWh for buildout repayment of investment (assuming expensing depreciation over 3 years)
When calculated, doing the above would run you around 12.2 cents per kWh on average from an operational cost analysis prospective. This does not include many other expenses involved. You would also be exposed to substantial risk as you will have to ensure the miners you purchased will last you for years, or make sure you have the capital to reinvest in new miners. You would have to make sure you can mine for the duration of the 5 year lease agreement, or at least over the buildout expense depreciation period you chose.
When you host with a hosting company, you are receiving more than just electricity. You are paying for a service and the ability to not be bound to a large capital investment on a buildout. You are relieving yourself from the headaches of designing a proper facility that will work and last. Our prices include everything mentioned above plus more, and is still much less per/kWh.
What we offer is a full hosting service, which is different than simply putting miners on a shelf and leaving them unattended. We employ a team of engineers and technicians to monitor and manage the ongoing health of the servers located with us.
Other hosting companies which may actually only identify as a "colocation" business, will simply only put your miner on a shelf with an ethernet connection a power cord. If it doesn't hash they won't know about it and probably won't care. Their obligation is to power and serve it internet. If the miner is at "fault", it is not their obligation to make sure it works. These companies that charge much less for these services are typically the ones that do this. Many people are left with contract terms of miners that are sitting on shelves frozen and not mining.
We are proud to have an attentive staff that is passionate about this industry and helping others in it. If you have any questions about our business, we would love to answer them.
Happy mining!
Founder & CEO
Nick
40% of your quoted price will make it interesting, otherwise your business is not competitive. Mining facility cost of electricity need to be below $0.03kwh to be competitive.
We Host. You Profit.
160 kilowatts Available Now for Hosting
BitcoinRack is an American hosting and colocation company located and operated in Texas. From direct ASIC wholesale pricing to strategic energy partners, our clients mine cryptocurrency at the lowest possible cost. We specialize in high-density crypto mining deployments, and provide high quality services for our customers of all sizes, large and small.
Since 2014, our team has been designing, building, and managing large scale mining facilities for clients ranging from 45 kVA to 20 MW. This, coupled with over 19 years of network security engineering experience and data center design for fortune 500 companies, has given us a strong competitive advantage. In 2017, we decided to take this knowledge and build our own facilities in order to provide a reliable, safe, and ethical hosting and colocation service.
We heavily invest in the designs of our facilities. Our electrical, thermal, and network engineers ensure reliable power, effective cooling, and efficient hashing with little to no dropped packets. In addition, all of our systems are fully automated to constantly check the health of your miner and ensure they are experiencing the least amount of downtime.
We offer 24/7 security with multi-tiered locks, motion detectors, and cameras. Furthermore, we fully insure the property of other's in each of our facilities. At no extra cost, this protection comes standard with all our offered plans. Your miners are covered with the full cost of replacement should any of the following unlikely events occur: including but not limited to - fire, theft, and vandalism.
Maintenance is included at no extra charge for all of our plans. Warranty and repair fulfillment is covered under our half year and full year plans. If your miner fails, we will diagnose the issue for free. If the miner is still under manufacturer warranty, we will handle the warranty fulfillment on your behalf at no charge. If the miner is no longer under manufacturer warranty, our in-house technicians can make the repairs for you. You will only be liable for the cost of replacement parts.
If you are looking to make a new purchase of hardware, or just looking to move hardware you already own for hosting, BitcoinRack is the right choice for you.
The performance of our services are guaranteed by our written contracts, our insurance through a reputable company, and our experienced personnel.
Below is our pricing table for services. We have no hidden fees. The price per kW includes everything listed below.
Below are images from our proof of concept location that has 160 kilowatts currently available. Some of the pictures show the fully automated systems being added that will replace the current non-automated systems. Deployment time is 24-48 hours upon receiving miners.
FAQ:
Q: How can you provide such low prices?
A: We always optimize our locations and equipment with economies of scale, and pass the savings to our customers with lower prices
Q: Where are your mining locations?
A: Houston, Texas. We have several facilities under construction in East Texas.
Q: Can we meet you?
A: Yes! We can set up a meeting and tour of one of our locations.
Q: What type of miners do you support?
A: All ASIC miners and most GPU rigs.
Q: Will my miners rust at your locations?
A: No, we provide adequate and proprietary climate controls to prevent this common issue.
Q: What forms of payment do you accept?
A: At this time we accept check and wire payments. We are working on implementing a crypto payment option in the near future.
Q: What term plans do you offer?
A: We offer month-to-month, 6 month prepaid, and 12 month prepaid.
Q: Is there a risk of prepaying? If a facility disaster happens, do I get my money back for services not delivered?
A: That risk is covered by our insurance. In addition to coverage of the full cost of replacement of your miners, our insurance policy covers lost revenues. Therefore the amount of service not delivered will also be refunded.
Q: Am I responsible for shipping charges to and from your facility?
A: Yes, however when your contract term is over, we will handle packing (and palletization if needed) at no charge.
Q: Is maintenance and power included in the contract price?
A: Yes, the price per kW per month includes everything.
Q: How do you handle outages?
A: If an outage more than 4 hours is due from a failure out of our control (utility company, etc.), we will extend your term by the respectful amount. If an outage is due from facility upgrades, we will extend your term by the full amount.
Q: How long and often are your facility upgrade outages?
A: Most of our facilities rarely require upgrades. When they do, outages have never been more than 24 hours. This full amount would be credited as an extension to your term.
Q: Do you have access to our crypto?
A: Absolutely not. Your mining pool of choice/payout address is programmed to your miners to hash only directly to you.
Q: Am I able to speak to support at any time?
A: Emails are usually answered within 8 hours any day of the week. Support is available for call from 9AM – 5PM (CT) any day of the week. In the near future, calls will be available 24/7.
A: We always optimize our locations and equipment with economies of scale, and pass the savings to our customers with lower prices
Q: Where are your mining locations?
A: Houston, Texas. We have several facilities under construction in East Texas.
Q: Can we meet you?
A: Yes! We can set up a meeting and tour of one of our locations.
Q: What type of miners do you support?
A: All ASIC miners and most GPU rigs.
Q: Will my miners rust at your locations?
A: No, we provide adequate and proprietary climate controls to prevent this common issue.
Q: What forms of payment do you accept?
A: At this time we accept check and wire payments. We are working on implementing a crypto payment option in the near future.
Q: What term plans do you offer?
A: We offer month-to-month, 6 month prepaid, and 12 month prepaid.
Q: Is there a risk of prepaying? If a facility disaster happens, do I get my money back for services not delivered?
A: That risk is covered by our insurance. In addition to coverage of the full cost of replacement of your miners, our insurance policy covers lost revenues. Therefore the amount of service not delivered will also be refunded.
Q: Am I responsible for shipping charges to and from your facility?
A: Yes, however when your contract term is over, we will handle packing (and palletization if needed) at no charge.
Q: Is maintenance and power included in the contract price?
A: Yes, the price per kW per month includes everything.
Q: How do you handle outages?
A: If an outage more than 4 hours is due from a failure out of our control (utility company, etc.), we will extend your term by the respectful amount. If an outage is due from facility upgrades, we will extend your term by the full amount.
Q: How long and often are your facility upgrade outages?
A: Most of our facilities rarely require upgrades. When they do, outages have never been more than 24 hours. This full amount would be credited as an extension to your term.
Q: Do you have access to our crypto?
A: Absolutely not. Your mining pool of choice/payout address is programmed to your miners to hash only directly to you.
Q: Am I able to speak to support at any time?
A: Emails are usually answered within 8 hours any day of the week. Support is available for call from 9AM – 5PM (CT) any day of the week. In the near future, calls will be available 24/7.
If you are interested in our services or have any questions, please contact us through Bitcointalk or in this thread. Our CEO Nick, or CTO Martin, will respond shortly.
You may also contact our sales team at https://www.bitcoinrack.com/contact.
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